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Browse: Home / KNOWLEDGE / Economics

How does chemistry apply to economics and the commercial importance of chemicals like heterocyclic compounds?

CHINMAYA K: How does chemistry apply to economics and the commercial importance of chemicals like heterocyclic compounds?
I am interested in knowing what is the relation between chemistry and economics. That is aproject given to me by a professor, since I am doing a course in sciences along with a degree in finance. Kindly help.

Answers and Views:

Answer by Chad
Nearly all drugs contain heterocycles as do many other chemical entities that are sold. Some of th elargest corporations in the world rely on small molecules for their cash flow: Exxon, Dupont, Pfizer, Dow, Merck, Glaxo, etc.

In pharma there is a very fine line between what a consumer can be charged before the claims of “drug company rape” and other options are found with the ever present complication of government nullification of patents. There is the cost-benefit arguement with drugs and even in early drug testing, some sort of separation must be made between the cost of the drug and the benefit obtained.

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